Record Display for the EPA National Library Catalog

RECORD NUMBER: 32 OF 71

OLS Field Name OLS Field Data
Main Title Guidance on Settlements with Prospective Purchasers of Contaminated Property.
CORP Author Environmental Protection Agency, Washington, DC. Office of Waste Programs Enforcement.
Publisher 2000
Year Published 2000
Stock Number PB2001-102135
Additional Subjects Hazardous materials ; Waste management ; Superfund ; Liabilities ; Law enforcement ; Guidelines ; Land ownership ; Economic redevelopment ; Cost repayment ; Pollution regulations ; Remediation ; Decisions and orders ; Consent orders ; US EPA ; Cleanup
Holdings
Library Call Number Additional Info Location Last
Modified
Checkout
Status
NTIS  PB2001-102135 Most EPA libraries have a fiche copy filed under the call number shown. Check with individual libraries about paper copy. NTIS 10/17/2002
Collation 24p
Abstract
This document supersedes EPA's policy on agreements with prospective purchasers of contaminated property as set forth in the June 6, 1989, policy document entitled 'Guidance on Landowner Liability under Section 107(a) of CERCLA, De Minimis Settlements under Section 122(g)(1)(B) of CERCLA, and Settlements with Prospective Purchasers of Contaminated Property' (the 1989 guidance). This revised guidance reflects both Agency experience in implementing the 1989 guidance and changes to that guidance that EPA believes are needed. During the past several years, EPA has entered into a number of prospective purchaser agreements to enable purchasers to buy contaminated property for cleanup, redevelopment or reuse. The 1989 guidance required EPA to receive substantial benefits in terms of work or reimbursement of response costs that otherwise would not have been available. While some agreements required performance of cleanup work on contaminated parcels prior to their redevelopment, others provided covenants not to sue for purchase of uncontaminated portions of larger Superfund sites. EPA's experience has demonstrated that prospective purchaser agreements might be both appropriate and beneficial in more circumstances than contemplated by the 1989 guidance. The Agency now believes that it may be appropriate to enter into agreements resulting in somewhat reduced benefits to the Agency through cleanup or response costs or in benefits that also may be available from other parties. These agreements in turn should provide substantial benefits to the community through the creation or retention of jobs, productive use of abandoned property, or revitalization of blighted areas.